YFM Private Equity has backed the £6m management buy-in of domiciliary care business Able Care. The deal was funded by investment from four funds managed by YFM Group – The Chandos Fund, North West Business Investment Scheme, The British Smaller Companies VCT and The British Smaller Technology Companies VCT2. The deal forms the first stage of a buy-and-build strategy.
Auction of the Danish distributor of fast-moving consumer goods is expected to launch later this spring
Exit also sees 164% IRR and has returned 100% of the committed capital in MML Fund VI
Accell is the owner of brands including Raleigh, Sparta and Haibike
Frankfurt flotation of TeamViewer in 2019 delivered a bonanza for backer Permira